Wynnchurch Capital Acquires Fabco Automotive Corporation

September 28th, 2011

Wynnchurch Capital, Ltd. (“Wynnchurch”), a Chicago-based private equity firm with offices in Dallas, Detroit and Toronto, announced the acquisition of Fabco Automotive Corporation (”Fabco,” or the “Company”) in partnership with management and Stone River Capital Partners.  Based in Livermore, CA, Fabco is a leading North American supplier of highly engineered, specialty gearbox, axle and transfer case products for all-wheel drive, medium and heavy duty vehicles used in severe service applications.  Wynnchurch will work with Fabco’s management team to continue the Company’s long history of profitable growth by expanding Fabco’s already impressive product platform and pursuing strategic acquisitions.

Prior to the acquisition by Wynnchurch, Fabco was a subsidiary of Accuride Corporation (NYSE:  ACW). Al Sunderland, President of Fabco, has grown the business while working with his employees to implement lean manufacturing practices and ensure a commitment to superior quality and customer satisfaction. “With the support of Wynnchurch, Fabco is well positioned to pursue strategic growth opportunities. Our management team is looking forward to the partnership with Wynnchurch and to what the future holds,” said Mr. Sunderland.

Terry Theodore, a Partner of Wynnchurch, stated “We believe Fabco is an exceptional supplier of medium and heavy duty, all-wheel drive components to the severe-duty vehicle industry and we look forward to working with Al Sunderland and his team to implement a growth strategy that will provide comprehensive and responsive solutions for Fabco’s customers.”

About Fabco Automotive Corporation: Based in Livermore, CA, Fabco is a North American supplier of highly engineered, specialty gearbox, axle and transfer case products for vehicles used in severe service applications. Since 1918, Fabco has been dedicated to the commercial vehicle industry, and its products are based on decades of severe service experience.   More information about Fabco can be found at:  www.fabcoautomotive.com.

About Wynnchurch Capital, Ltd.: Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit, and Toronto and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information about Wynnchurch Capital can be found at: www.wynnchurch.com.

About Stone River Capital Partners:   Stone River Capital Partners (“SRCP”) is an advisory and private investment firm based in Birmingham, Michigan that focuses on acquisitions of middle-market businesses. SRCP customizes transactions to meet the goals of all parties, and prides itself on being supportive partners to management teams. With extensive backgrounds in management, finance and operations, SRCP seeks to combine its skills with its partner companies to help facilitate their growth.  More information about Stone River Capital Partners can be found at: www.stonerivercap.com.

 

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